In 1913 organized crime banking interests lobbied and bribed Congress to pass the Federal Reserve Act, which created the private Federal Reserve (FED) to back-stop and “legalize” the ability of private banks to create money out of thin air and lend it at interest. The process is called fractional reserve banking, and the basics of the swindle is that when you go to the bank to get a mortgage, the bank is not lending you another depositor’s money.